Have you been noticing for some time now that your company's overall situation is deteriorating and that there are weaknesses in the company as a whole or deficits in individual areas? The liquidity situation has tightened and the requirements set by capital providers are becoming ever stricter? Then contact our dhpg restructuring experts. With our many years of experience and our extensive knowledge of the industry, we specifically address the causes of a crisis, develop solutions and help you to achieve your objectives on a sustainable footing.
Turnaround means mastering special situations. We step in to assist you with our knowledge and experience. Our goal is to get a grip the very special challenges facing a company in cooperation with all stakeholders. That is what we do. With cause-oriented turnaround concepts, transparent implementation and resolute controlling.
Our expertise in quickly identifying the causes of crisis situations and practical experience from a large number of turnaround projects we have assisted in the area of midsized companies, as well as in preparing expert opinions and restructuring reports for banks, creditors and courts of law in line with requirements are particularly valuable for you here.
Would you like to arrange a personal meeting to discuss matters? We will be happy to arrange a non-binding appointment with you so that we can get to know each other. We look forward to your call or e-mail and to meeting you.
In terms of substance, a turnaround describes the process and the associated structural change of a company to emerge from a crisis threatening its viability to a situation in which performance secures its survival.
In turnaround consulting by dhpg's restructuring experts, this process is first established and then implemented in a targeted manner individually tailored to the crisis situation and crisis phase in which the respective company finds itself. In all this, we always have one goal in mind: to put your company back on track and make it a success.
Crisis situations of a company can be broken down into six phases. The further along the crisis is, the closer to the brink of insolvency and the more difficult the turnaround.
It is worth mentioning that these phases in a crisis do not necessarily have to occur in successive order. In other words, the phases can also occur simultaneously or even be skipped or omitted.
A holistic view of a company facing a crisis is of particular importance for a successful turnaround and to be able to surmount the crisis. It is important to pinpoint the causes that trigger the crisis and to apply the right levers to remedy the situation. To do this, all areas along the value chain need to be reviewed.
As a business owner, you have a comprehensive toolbox at your disposal to restructure your company and thus lead it out of the crisis. In doing so, not only classic corporate reorganisation and corporate restructuring along the lines of a turnaround, as described above, should be considered. If there is a severe liquidity crisis, another option is restructuring based on the new restructuring framework (StaRUG), which, in addition to the possibility of allowing the company to stay in operation, also encompasses measures which can help the company to eventually become profitable again.
Even if out-of-court restructuring is no longer possible because the company has become insolvent, there are still possibilities for restructuring because the "insolvency" option is in the meantime no longer the "nightmare" that it used to be.
So-called insolvency in self-administration offers a wide latitude for shareholders or managing directors to save the company on their own. They always remain capable of acting and in charge of the company, but are subject to the supervision of a court-appointed administrator. Insolvency proceedings (in self-administration) must be well prepared, however, and above all initiated at an early stage. Thanks to the many years of experience that dhpg's insolvency administrators possess in the conduct of insolvency proceedings, we can successfully prepare your company for this phase and support it throughout the process.
The duration of a restructuring process and the costs incurred for it depend on the company crisis and to what stage it has developed. Costs are usually based on the phase of the crisis in which the company currently finds itself and on the problem areas to be rectified that are at the roots of the company's situation. This question can therefore not be answered in general terms. However, an initial assessment can be made on the basis of a quick check of your company. Feel free to contact us and we will be glad to advise you personally and individually.
The involvement of professional restructuring advisors and reorganisation consultants offers wide-reaching advantages. In crisis situations, action usually has to be taken quickly and efficiently, which is why a high level of experience and knowledge of the particular industry are virtually indispensable. In addition, there is considerable pressure to take action, which is difficult for a management tied up in day-to-day business to cope with. We offer know-how and the capacity to restructure your company, including implementation of unpopular measures with a potential for conflict. We are ideally positioned to deal with all problem areas related to restructuring and help out wherever necessary.
Due to the increasing complexity of the competitive environment and phenomena like digital transformation, disruption or increasingly blurry boundary lines between business sectors, it is imperative that companies react to new challenges in order to avoid crisis situations and liability risks that threaten their viability. Crisis symptoms often creep in insidiously before they manifest themselves and can be measured in company-specific metrics. Decisive in any successful turnaround is a timely recognition of the need for action and a correct assessment of the crisis phase. Restructuring options are also contingent upon this.